ISNT A TICKET ONLY WORTH THE PRICE STATED ON THE FACE OF THE TICKET (THE FACE VALUE)?
First things first: There is NO SUCH THING as face “value” unless the event is cancelled. Why? Because you can’t take it back to the box office and obtain a refund, i.e., redeem it for cash unless the event is cancelled without rescheduling. The authorized ticketing agent (i.e., Ticketmaster, etc.) will not issue a refund to you, and you can’t cash it in like a savings bond, so if there is a very small chance that the event will be cancelled (most major events do not cancel without a make-up date), or virtually no chance that the event will be cancelled (such as the Super Bowl), there is no way to get your money back without reselling it on the secondary market. Therefore, the only value is the market value, period. Ergo, the term “face value” is a misnomer; the correct term should be “face price”. If you’ll look on the back of a ticket issued by a authorized ticketing agency, it will generally always state “NO REFUNDS”, and sometimes you will see the wording, “NO CASH VALUE”. They can
